Wuhan Tianyu Information Industry Co., Stock Forecast
Wuhan Tianyu Information Industry Co., stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Wuhan Tianyu Information Industry Co., stock price gained 2.65% on the last trading day (Friday, 28th Jun 2024), rising from ¥6.79 to ¥6.97. During the last trading day the stock fluctuated 4.34% from a day low at ¥6.68 to a day high of ¥6.97. The price has fallen in 5 of the last 10 days but is still up by 0.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 75 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥28.58 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.83% during the next 3 months and, with a 90% probability hold a price between ¥6.13 and ¥8.45 at the end of this 3-month period.
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300205.SZ Signals & Forecast
The Wuhan Tianyu Information Industry Co., stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥6.93 and ¥6.96. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -2.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Wuhan Tianyu Information Industry Co., stock
Wuhan Tianyu Information Industry Co., finds support from accumulated volume at ¥6.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.290 between high and low, or 4.34%. For the last week, the stock has had daily average volatility of 4.78%.
Our recommended stop-loss: ¥6.68 (-4.15%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (300205.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wuhan Tianyu Information Industry Co., Ltd. to open at ¥6.87, and during the day (based on 14 day Average True Range), to move between ¥6.54 and ¥7.40, which gives a possible trading interval of +/-¥0.435 (+/-6.24%) up or down from last closing price. If Wuhan Tianyu Information Industry Co., Ltd. takes out the full calculated possible swing range there will be an estimated 12.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.72 (3.59%) than the resistance at ¥7.44 (6.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wuhan Tianyu Information Industry Co., Ltd. stock A Buy?
Wuhan Tianyu Information Industry Co., holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.802 Hold/Accumulate Upgraded
Predicted Opening Price for Wuhan Tianyu Information Industry Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥6.87 ( 1.39%) | ¥6.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300205.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.16 | 2.77% |
| R2 | 7.05 | 1.18% |
| R1 | 6.98 | 0.202% |
| Price | 6.97 | |
| S1 | 6.76 | -2.98% |
| S2 | 6.69 | -3.96% |
| S3 | 6.58 | -5.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.85 | 12.63% |
| R2 | 7.50 | 7.60% |
| R1 | 7.44 | 6.74% |
| Price | 6.97 | |
| S1 | 6.72 | -3.59% |
| S2 | 6.61 | -5.16% |
| S3 | 6.60 | -5.31% |
300205 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ¥0.0450 | 0.326% |
| 2 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | ¥0.100 | 0.93% |
| 3 | Jun 12, 2019 | Jun 12, 2019 | Jun 12, 2019 | ¥0.100 | 0.697% |
| 4 | Jun 08, 2018 | Jun 08, 2018 | Jun 08, 2018 | ¥0.0300 | 0.362% |
| 5 | May 19, 2017 | May 19, 2017 | May 19, 2017 | ¥0.0300 | 0.269% |
FAQ
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